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Nigeria’s March BSI increases to 61.0 from a series-low of 57.9 in February
• Output and orders rise to their highest levels since December 2014
• FX availability may yet emerge as a constraint on business sentiment...

The Standard-Chartered Premise Consumer Price Tracker shows a 0.4% m/m increase in February
Price pressures are more pronounced following an end to FX subsidies via the RDAS
We expect pressure on the FX rate to be sustained ahead of planned electi...

February BSI falls to a series low of 57.9 from 58.8 in January
• Near-term political uncertainty and softer oil prices continue to weigh on the indicator
• Falls in production and supplier delivery times indicate a slowdown in activity...

Event
• According to a statement published by the Central Bank of Nigeria (CBN), the RDAS/ WDAS window under which foreign exchange was previously available at a subsidised rate will effectively be discontinued. Going forward, all demand for FX wi...

Business sentiment fell to 58.8 in January, after reaching a series-high in December
• All five components that make up the headline BSI fell in January, reflecting challenging conditions
• However, 21 out of the total 31 indicators remain above t...

We present the fourth monthly Standard Chartered-Premise Consumer Price Tracker for Nigeria
• Our SC-PCPT reveals a 0.17% m/m decline in consumer staples in December
• This followed a more pronounced price increase in November
• Pass-through from...

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